Wedbush Securities Inc. Grows Stock Holdings in First Trust Capital Strength ETF (NASDAQ:FTCS)

Wedbush Securities Inc. boosted its holdings in First Trust Capital Strength ETF (NASDAQ:FTCS) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,746 shares of the company’s stock after buying an additional 4,487 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Capital Strength ETF were worth $2,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of First Trust Capital Strength ETF during the 4th quarter worth about $38,000. Knuff & Co LLC acquired a new position in First Trust Capital Strength ETF in the fourth quarter valued at approximately $88,000. Stephens Consulting LLC increased its stake in First Trust Capital Strength ETF by 20.7% in the fourth quarter. Stephens Consulting LLC now owns 1,069 shares of the company’s stock valued at $94,000 after purchasing an additional 183 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in First Trust Capital Strength ETF during the fourth quarter worth approximately $99,000. Finally, Thompson Investment Management Inc. purchased a new stake in shares of First Trust Capital Strength ETF during the 4th quarter worth approximately $116,000.

First Trust Capital Strength ETF Trading Down 5.2 %

Shares of First Trust Capital Strength ETF stock opened at $83.97 on Friday. The company has a fifty day simple moving average of $89.55 and a 200-day simple moving average of $90.13. First Trust Capital Strength ETF has a 12-month low of $81.16 and a 12-month high of $94.23. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 23.46 and a beta of 0.86.

First Trust Capital Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2159 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, March 27th.

First Trust Capital Strength ETF Profile

First Trust Capital Strength ETF, formerly First Trust Strategic Value Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Credit Suisse U.S. Value Index, Powered by HOLT (the Index). The Index is developed, maintained and sponsored by Credit Suisse Securities (USA) LLC and Credit Suisse Group AG (collectively, the Index Provider).